Can anyone help me with either a script or an indicator to draw 2 boxes above and below the opening price of a given period (I use the H1)?
The boxes parameters should be :
-box should start at the open of the specified period and end just prior to the start of the next period
-price above/below opening should be X number of pips, adjustable
-box height in pips should be adjustable
-box colors should be adjustable
See the picture attached. Those are 1 hour boxes on a 1 minute chart. The concept is similar to Dolly Graphics but on a smaller time frame. Basically if price rises/falls into the box, take the trade. Exit either at top of the box or by whatever you like to use, MA cross, support, resistance, pivots etc. Start again on the next period. This gives me a new reference each hour for my trades.
Thanks for your consideration
Steve
The boxes parameters should be :
-box should start at the open of the specified period and end just prior to the start of the next period
-price above/below opening should be X number of pips, adjustable
-box height in pips should be adjustable
-box colors should be adjustable
See the picture attached. Those are 1 hour boxes on a 1 minute chart. The concept is similar to Dolly Graphics but on a smaller time frame. Basically if price rises/falls into the box, take the trade. Exit either at top of the box or by whatever you like to use, MA cross, support, resistance, pivots etc. Start again on the next period. This gives me a new reference each hour for my trades.
Thanks for your consideration
Steve
Attached Image (click to enlarge)
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